NASDAQ: MAT - Mattel

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — 关键利率
Excess Key Rate — 期望超出关键利率
EPS = 0.6004
CAGR EPS = 24.35%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.6004 * (1 + 24.35%) / (0.0433 * 2) = 8.62

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 4.86
Ebitda Yield = 0.5394
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 0.1238
Debt = 2.41
Market Cap = 7.35
Weight Debt = Market Cap / (Market Cap + Debt) = 7.35 / (7.35 + 2.41) = 0.7533
Weight Cost Debt = 100% - 0.7533 = 0.2467
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.82
β = -0.5604
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + -0.5604 * 5.94 + 0 = -0.0051
WACC = (0.1238 / 2.41) * (100% - 0.7533) * (1 - 0.21) + -0.0051 + 0.7533 = 4.03
Terminal Value = Discount (4.86 * (1 + 0.5394) / (4.03 - 0.5394)) = 12.29
Company Value = ∑ (4.86 / (1 + 4.03) ^ 5) = 10.56
Price = (Terminal Value + Company Value) / Count shares = (12.29 + 10.56) / 357110000 = 63.99

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 5.24
FCF Yield = 0.4919
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 0.1238
Debt = 2.41
Market Cap = 7.35
Weight Debt = Market Cap / (Market Cap + Debt) = 7.35 / (7.35 + 2.41) = 0.7533
Weight Cost Debt = 100% - 0.7533 = 0.2467
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.82
β = -0.5604
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + -0.5604 * 5.94 + 0 = -0.0051
WACC = (0.1238 / 2.41) * (100% - 0.7533) * (1 - 0.21) + -0.0051 + 0.7533 = 4.03
Terminal Value = Discount (5.24 * (1 + 0.4919) / (4.03 - 0.4919)) = 14.22
Company Value = ∑ (5.24 / (1 + 4.03) ^ 5) = 11.88
Price = (Terminal Value + Company Value) / Count shares = (14.22 + 11.88) / 357110000 = 73.07